Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $14.15, but opened at $14.47. Sun Country Airlines shares last traded at $14.62, with a volume of 9,944 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on SNCY shares. Susquehanna reaffirmed a "neutral" rating and set a $15.00 target price (down previously from $17.00) on shares of Sun Country Airlines in a report on Wednesday, January 10th. Barclays lifted their price objective on shares of Sun Country Airlines from $18.00 to $20.00 and gave the company an "overweight" rating in a research note on Monday, February 5th. Finally, Morgan Stanley upgraded shares of Sun Country Airlines from an "equal weight" rating to an "overweight" rating and set a $21.00 price objective on the stock in a research note on Monday, February 26th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $19.60.
Read Our Latest Research Report on Sun Country Airlines
Sun Country Airlines Trading Up 2.9 %
The company's 50-day moving average is $14.68 and its 200 day moving average is $14.58. The company has a market cap of $775.92 million, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 0.48 and a beta of 1.62. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 1.09.
Sun Country Airlines (NASDAQ:SNCY - Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. Sun Country Airlines had a return on equity of 15.23% and a net margin of 6.88%. The firm had revenue of $245.54 million during the quarter, compared to analyst estimates of $248.82 million. Research analysts predict that Sun Country Airlines Holdings, Inc. will post 1.64 EPS for the current year.
Insider Buying and Selling
In other Sun Country Airlines news, CEO Jude Bricker sold 2,145 shares of the business's stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $14.35, for a total transaction of $30,780.75. Following the completion of the sale, the chief executive officer now directly owns 124,991 shares in the company, valued at approximately $1,793,620.85. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders sold a total of 5,073 shares of company stock worth $72,944 in the last 90 days. Insiders own 3.50% of the company's stock.
Hedge Funds Weigh In On Sun Country Airlines
Several hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. raised its holdings in Sun Country Airlines by 31.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,323 shares of the company's stock valued at $61,000 after acquiring an additional 550 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Sun Country Airlines by 4.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 13,126 shares of the company's stock worth $208,000 after buying an additional 592 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in Sun Country Airlines by 25.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,115 shares of the company's stock valued at $70,000 after buying an additional 625 shares in the last quarter. Putnam Investments LLC increased its stake in shares of Sun Country Airlines by 0.3% in the 4th quarter. Putnam Investments LLC now owns 215,851 shares of the company's stock worth $3,423,000 after acquiring an additional 703 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its holdings in shares of Sun Country Airlines by 3.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 21,711 shares of the company's stock worth $342,000 after acquiring an additional 776 shares during the period.
Sun Country Airlines Company Profile
(
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Sun Country Airlines Holdings, Inc, an air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. It operates through two segments, Passenger and Cargo. The company also provides crew, maintenance, and insurance services through ad hoc, repeat, short-term, and long-term service contracts; and loyalty program rewards.
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